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This course provides an overview of real estate markets; the analysis used to support financial decision-making and associated capital market applications. The course will cover (1)residential housing and mortgage products, including securitized residential debt; (2) the commercial property market and the techniques used to value and finance investments; (3) the structure and real estate fundamentals of the securitized commercial debt (CMBS and CDO) and equity vehicles (REITs) for real estate. Several case studies will be utilized to provide insight into current market practices. Class discussion will include analysis of current real estate market conditions and events.